SMEs

Egypt seeks to boost SMEs contribution to national economy -- Official

Tue, 30 Nov 2021 - 01:03 GMT

The committee is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries, Shafie said, noting that in Egypt it only stands at 20 percent.

Arab Fund for Social and Economic Development to finance Egyptian SMEs with $30M

Wed, 24 Nov 2021 - 08:30 GMT

Saad pointed out that the fund's focus now is investing in green economy as well as cooperating with the private sector.

All EGX indices down, Thursday

Thu, 18 Nov 2021 - 07:37 GMT

Egyptian Exchange (EGX) indices went down collectively at the close of Thursday's trading, pushed by sales by Arab and foreign investors, amid anticipation that new incentives would be introduced for the market.

Haya Karima has dispensed LE 844M in loans for small, micro enterprises

Mon, 25 Oct 2021 - 11:19 GMT

Haya Karima initiative has dispensed loans worth L.E.844 million for small and micro enterprises since its launch in 2019.

EGX indices show mixed performance, benchmark increases 0.9 pct

Wed, 13 Oct 2021 - 07:20 GMT

Egyptian Exchange (EGX) indices showed mixed performance at the close of Wednesday's trading.

Egypt’s President Sisi ratifies decree approving partnership with Germany

Thu, 16 Sep 2021 - 11:35 GMT

Coordination has been made with the German side to obtain a grant of € 3 million, within the scope of financing the special initiative for employment and training, to finance the project "Partnership to create jobs and support small and medium enterprises in the Arab Republic of Egypt."

Cisco Study reveals top cybersecurity considerations for SMEs in 2021

Mon, 07 Jun 2021 - 03:20 GMT

Three Factors Highlighted as Crucial to Achieving Desired Security Outcomes: Enabling Business, Managing Risk and Operating Efficiently

Egyptian president endorses $95M fund by OFID to MSMEs

Thu, 29 Apr 2021 - 02:35 GMT

The agreement was signed on June 22, 2020 and mainly targets youth and women.

Egypt to get €3M grant from Germany to support SMEs

Mon, 26 Apr 2021 - 10:47 GMT

An Egyptian-German partnership project to create jobs and support SMEs will offer grants to non-profit entities and partners in the public sector to remove investment obstacles, International Cooperation Minister Rania Al-Mashat said.

Cabinet approves $50-million soft financing deal by Arab country

Wed, 17 Mar 2021 - 12:34 GMT

The deal inked in January is subject to the endorsement of the president.

LE 213 billion granted to SMES in credit facilities in 5 years

Tue, 23 Feb 2021 - 12:53 GMT

CBE indicated that 81 percent of the facilities has already been used for the industrial, agricultural and service sectors for 126,000 small and medium-sized companies, in addition to microfinance for more than 900,000 micro-clients.

Egypt's central bank obliges banks to increase financing directed to SMEs to 25%

Tue, 23 Feb 2021 - 12:35 GMT

It had been decided to provide funding to more than 120,000 companies and establishments, which would create and maintain job opportunities of about one million jobs.

EGX gains EGP 10.9 bln over past week

Fri, 05 Feb 2021 - 09:57 GMT

The Egyptian Exchange (EGX) gained about EGP 10.9 billion over the past week after its indexes went up collectively.

Doing Business in Time of Recession

Thu, 04 Feb 2021 - 08:29 GMT

A crisis or a change in the business ecosystem can alter how an enterprise functions and can even terminate industries giving rise to others.

Egypt funds small, micro projects with LE3.7B in 11 months

Sun, 03 Jan 2021 - 11:03 GMT

Gamea clarified in a statement, Sunday, that these projects provided 195,000 job opportunities.

Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

81 industrial units offered to investors in 10th of Ramadan City

Mon, 30 Nov 2020 - 10:30 GMT

The units are located in the industrial SME's complexes, particularly B and C spanning over six million square meters southern the city.

Egypt, EU, AFD conclude project worth €52M in agricultural sector

Mon, 23 Nov 2020 - 02:31 GMT

A ceremony was held to celebrate the conclusion of the Support to Agricultural SME's Project (SASME) displaying funding and training provided.

MSMEDA: Value of MSME projects worth LE 28.8B over six years

Wed, 18 Nov 2020 - 03:14 GMT

As per financial services, women participation in the one-window services represented 29 percent of the total services, including issuing licenses, identification cards, tax statements and social insurance.

2K small enterprises founded in Egypt in September 2020 through 1 funding program

Wed, 04 Nov 2020 - 12:49 GMT

That is through the SME's funding program "Mashrouak" (Arabic for Your Project).

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